United States of America: Issued Interim ruling in SEC lawsuit against Mango DAO and Blockworks Foundation for alleged violation of registration requirements for crypto brokers
Description
Issued Interim ruling in SEC lawsuit against Mango DAO and Blockworks Foundation for alleged violation of registration requirements for crypto brokers
On 27 September 2024, the Securities and Exchange Commission (SEC) filed charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for their involvement in the unregistered offer and sale of 'MNGO' tokens and for acting as unregistered br…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court